Personal Development, Finance and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Money makes the world go round, a big fact if we think about it. But how important is money? What is the true value of money or coins? Is this the basis of the state of living today? If you have it you are above, if you don’t have it you are below? Is that right?
In ancient times it was said that money was not fashionable but to trade or exchange things or use the method of negotiation, including food and clothing. Back then there was no exact basis for the value of the thing so negotiations between two or more sides were peaceful. But since modern times and human intellect’s ability to think, they have created an alternative or permanent way for trade and this is indeed money or coins.
In today’s modern age, everything or almost everything has been shouldered by money. If we think money is very important nowadays. Do you think that money is the only thing that moves the world today?
Money is the main problem of people today, especially the poor in society. The elders say, if you don't have money right now, you will die of dementia. Of course, if you have money everything you want and want you can easily achieve. So it can be said that money is very important now and on the other hand it is very hard to work hard to have it. But most people today don't care about the value of it. Is that kind of One Day Millionaire, spend here spend there.
Whether we admit it or not most of us don’t know how to handle money when it comes to budgeting. How about proper budgeting of money? According to my professor in college, the correct budgeting is 10-20-70. This is said to be the right way to divide your money from your wages. 10% of your income is for donations to the church or any organization you belong to, 20% of your income is for your savings that you do not move and the remaining 70% of your income is for expenses or all your expenses. If you do not donate to any organization or even to the church, you can make 30% of your savings. If you notice that a very large percentage is set aside for expenses, Yes because in reality, we spend a lot especially in today's time.
On the other hand, it is sad and annoying to think that most people today no longer value coins especially cents. Don’t they think there is no money if there are no coins? Can it also be said that money is bad?
Let us remember that money is only one thing for which it is one of our necessities to sustain our needs in daily living. Money is not bad, the only thing that becomes bad is those who hold it. If you use the money for good it will do you or others good. On the other hand, if you use the money for evil, it will be an instrument for evil.
If we think that money can do a lot, it can be for evil or good. Hopefully, we don’t send in the glare of money that can result in evil. Despite this, we can also learn to save and value every penny, coin, or cent in our pocket. Remember many are hungry so you should value and save as much as possible.
Original posted in Lakbay Diwa
Image Source: publicdomainpictures.net
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.